3 Responses to âWarning against use of Vicks VapoRub in babies and toddlersâ. On January 22nd, 2009 at 9:38 am. Lisa says... I donât think a lot of people realize that Vickâs makes a special vaporub made especially for babies. Itâs called Vickâs BabyRub and it is safe for infants and toddlers.
So, basically, the CRLTO puts a cap on a lessorâs late fees. If the tenantâs monthly rent is $1000, then the maximum late fee that can be charged is $35.00. Thatâs a total, not a daily amount nor an amount that compounds or increases over time.
You must include a statement in your lease agreement, informing your tenants that late rent payments may be reported to the three major credit agencies. You must also disclose that late payments may negatively affect their credit. This alone will likely keep the tenant on their toes and ensure you receive rent on time.